First Trust High Income Strategic Focus ETF (NASDAQ:HISF) Sees Significant Growth in Short Interest

First Trust High Income Strategic Focus ETF (NASDAQ:HISF) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 9,300 shares, a growth of 116.3% from the February 13th total of 4,300 shares. Based on an average daily trading volume, of 4,200 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.9% of the company’s stock are sold short.

First Trust High Income Strategic Focus ETF Trading Down 0.0 %

Shares of NASDAQ HISF traded down $0.01 during mid-day trading on Friday, reaching $44.26. The company had a trading volume of 5,185 shares, compared to its average volume of 4,272. The firm has a 50 day simple moving average of $44.04 and a two-hundred day simple moving average of $44.48. First Trust High Income Strategic Focus ETF has a 52-week low of $42.95 and a 52-week high of $45.96. The stock has a market cap of $44.26 million, a P/E ratio of 0.06 and a beta of 0.46.

First Trust High Income Strategic Focus ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.172 per share. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Trading of First Trust High Income Strategic Focus ETF

A number of large investors have recently made changes to their positions in the company. Breakthru Advisory Services LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter valued at about $4,295,000. Cetera Investment Advisers boosted its position in shares of First Trust High Income Strategic Focus ETF by 8.1% in the 4th quarter. Cetera Investment Advisers now owns 38,672 shares of the company’s stock valued at $1,693,000 after purchasing an additional 2,914 shares during the period. Jane Street Group LLC acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter valued at about $1,212,000. CreativeOne Wealth LLC boosted its position in shares of First Trust High Income Strategic Focus ETF by 17.8% in the 4th quarter. CreativeOne Wealth LLC now owns 9,156 shares of the company’s stock valued at $401,000 after purchasing an additional 1,384 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust High Income Strategic Focus ETF in the 4th quarter valued at about $685,000. 51.36% of the stock is owned by institutional investors and hedge funds.

First Trust High Income Strategic Focus ETF Company Profile

The First Trust High Income Strategic Focus ETF (HISF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund uses a fund-of-funds structure to primarily seek income across a broad range of fixed income securities of US and non-US issuers. HISF was launched on Aug 13, 2014 and is managed by First Trust.